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Showing 21 - 30 of 890 results for "Failing"

FES Super to no longer supplement returns in default

JAMIE WILLIAMSON  |  FRIDAY, 13 FEB 2026
... investment return for the Smoothed option by setting aside a portion of earnings when returns are high may lead to the option failing the performance test." Given there is no money in the reserve, there will be no direct or practical impact on members. ...

Petra Capital fined over misreporting of 15k trades

MATTHEW WAI  |  THURSDAY, 5 FEB 2026
... (MDP) for misreporting information on 3632 orders. The MDP found that Petra had breached the market integrity rules by failing to provide accurate information, leading to one client appearing as multiple clients on 3632 occasions. It was caused by a ...

Australian Unity cops fine for TMD, DDO failures

KARREN VERGARA  |  MONDAY, 2 FEB 2026
... financial loss," she said. "This outcome sends a clear message to product issuers that there are significant consequences for failing to take reasonable steps to ensure that investors are within a product's target market before they issue interests ...

Former UGC adviser's appeal against ASIC ban accepted

MATTHEW WAI  |  TUESDAY, 27 JAN 2026
... financial services or performing any function within a financial services business for six years due to misconduct, including failing to uphold key advice obligations when recommending clients to invest in the Global Capital Property Fund (GCPF) while ...

Super funds, instos shun ETFs, retail dominance prevails

KARREN VERGARA  |  THURSDAY, 22 JAN 2026
Australia's booming exchange-traded funds (ETFs) market is failing to capture the big money from superannuation funds and institutional investors as retail investors' dominance reigns supreme. Surpassing $330 billion in total funds under management ...

EQT stands firm on defence, blames ASIC, third parties

KARREN VERGARA  |  MONDAY, 19 JAN 2026
... of Shield on their investment menus. It was available from February 2022 to August 2023. However, EQT blames ASIC for failing to warn the market and ETSL about Shield when it could have done so. This is despite claims that ETSL's due diligence process ...

Oxfam calls for net wealth tax

ELIZA BAVIN  |  MONDAY, 19 JAN 2026
... to pay less tax. Oxfam chief executive Jennifer Tierney said the surge in billionaire wealth exposes a system that is failing people at home and abroad. "While millions of Australians are cutting back on essentials, struggling with soaring rents and ...

Performance test changes not necessary: ART

ELIZA BAVIN  |  FRIDAY, 16 JAN 2026
... "hide" behind the benchmarks likely isn't appropriately managing risks in their portfolio. "If you're worried about failing this test, you can't actually hide behind the benchmarks. We don't see much point in doing that, especially in the ...

ASIC sues BDO Audit for misleading statements

MATTHEW WAI  |  MONDAY, 5 JAN 2026
... civil penalty proceedings against BDO Audit (WA) and its director Dean Just alleging it made misleading statements, while failing to take reasonable steps to ensure reports were factually accurate for an ASX-listed entity. BDO was the auditor of ASX-listed ...

RM Capital, SMSF Club to pay $925k over conflicted remuneration

RIDDHIMA TALWANI  |  FRIDAY, 19 DEC 2025
... licensee that authorised SMSF Club to provide financial services, RM Capital contravened s963F of the Corporations Act by failing to take reasonable steps to ensure SMSF Club did not accept the payments. ASIC deputy chair Sarah Court said: "The court's ...